Everything a Singapore startup founder should know about how to get the company’s accounting and secretarial records in order before an investor comes in. Event sponsored by Plug-in@Blk71. Read more: http://futurebooks.com/blog/investor-coming-rescue-needed-sos-2/13686.

1. Prepared for Plug-in@Blk71
September 18, 2014
INVESTOR COMING:
RESCUE NEEDED. SOS

2. SPONSORS
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3. LAUNCH YOUR
BIG IDEA
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4. WHAT WE
WILL COVER
What investors look for in a company
Company secretarial documents every
startup must have
Financial reports investors need
How to plan about a rescue
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5. WHAT INVESTOR
LOOKS AT

6. WHAT INVESTORS
LOOK AT
Financial health:
• Income (P&L), financial position (B/S) and
potential earnings (Forecast)
• Accounting/tax filings records up to date
Compliance health:
• Record and document for every decision of
directors and shareholders
• All statutory filings and records up to date
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7. COMPANY
SECRETARIAL
RECORDS

8. COMPLIANCE
BIG 3S
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Singapore
Companies Act
M&AA
Shareholders
Agreement

9. COMPLIANCE BIG 3S –
INTERNAL MANAGEMENT
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Shareholders
Directors
Officers /
Company
Secretary

10. STARTUPS
MUST HAVE - 1
Notice confirming Incorporation
Memorandum and Articles of Association
(M&AA)
Business Profile (BizFILE)
Share Certificates
Common seal
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11. STARTUPS
MUST HAVE - 2
Directors Resolution/s
Members Resolution/s
Accounting and Corporate Regulatory
Authority (ACRA) filings
Financial Statements prepared and
signed
Company’s registers - directors and
officers, members, share allotment,
share transfer
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12. COMPLIANCE DUE
DILIGENCE & RESCUE
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Compliance
health
Due
diligence
Secretarial
rescue

13. DIY
DUE DILIGENCE
Who is the company secretary?
Where is the common seal and company
stamp?
Where are the share certificates?
Is the company secretarial file up to date?
Any notifications from ACRA?
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14. PROFESSIONAL
DUE DILIGENCE
Stage 1 – Documents collection.
Stage 2 – Review process:
- Based on ACRA lodgment,
- Based on company’s M&AA.
Stage 3 – Compliance due diligence
reporting.
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15. WHEN DO YOU NEED
COMPLIANCE RESCUE
DIY style online incorporation
Company Profile doesn’t reflect
the true company structure
Incomplete company secretarial
file
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16. COMPLIANCE RESCUE -
SUMMARY
Company secretarial rescue:
Due diligence report with missing
documents and filings (if any)
Re-created missing documents
Filed correct lodgements with ACRA
Updated the statutory records
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17. ACCOUNTING
RECORDS

18. WHAT INVESTOR
LOOKS AT
Now - Accurate financial records from the
date of incorporation till today:
Income Statement (Profit & Loss)
Balance Sheet
Cash Flow Statement
Moving forward - Financial plans:
Forecast
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19. WHEN YOU NEED
BOOKKEEPING RESCUE
Income looks negative!
Bank statement balance
≠ accounting records
No bookkeeping so far
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20. PROFESSIONAL
BOOKKEEPING RESCUE
Get all the bookkeeping records ready
(cheque butts, receipts, bank statements,
personal expense claims).
Bookkeeper will then:
Process backlog of accounts
Work based on information available
Comment on erroneous recording (if any)
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21. WHEN IS A GOOD TIME
FOR RESCUE
Investor coming
Loan / Government grants
Annual filing compliance – ACRA / IRAS /
Audit
For your peace of mind
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22. LET’S TALK
@futureb00ks
inquiry@futurebooks.com
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